Global macro investing provides unique uncorrelated return opportunities within a diversified portfolio. This blog focuses on current economic and finance issues, changes in the market structure and the hedge fund industry as well as how to be a better disciplined decision-maker in the global macro / managed futures space.

Wednesday, September 28, 2011

German voters decide fate of the world

We often think of the financial crisis as a problem of technocrats. The economists and specialists get in a room and figure out what needs to be done to solve the crisis. Money has to be raised. Emergency funds have to move. Budgets have to be approved and the system will be fixed. It s an engineering problem. However, this is a different problem because it is an issue of will. The political process determines the fate of the financial world. Now it could be said that this is always the case, but for the EU it is especially the case because it requires the will of the Germans to fund a different group within Europe.The local voting will determine whether a financial bail-out will prove to be workable. The German people do not seem at this time as though they are willing to provide the funds or will to make this work.

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About Me

Mark has over 25 years of market experience on both the buy and sell side of the markets. He was formerly a professor of finance with a focus on futures, options, and speculative markets. He is looking to engage in a dialogue on global economic and finance issues to enhance our understanding of markets.